A protective helmet having an inner shell and an outer shell assembly. Internal padding contacts an inner surface of the inner shell and an energy absorbing layer is positioned between the inner shell and the outer shell assembly. The outer shell assembly includes a plurality of rigid, outer shell segments with at least one of the outer shell segments designed and arranged to move relative to the other outer shell segments upon receiving an impact force. The external energy absorbing layer and the outer shell assembly dampens impact energy before it reaches the inner shell.